Drone in flight.

Profitability and Adoption of New Technology and Implications for Agricultural Policy

Principal Investigator

Terrance Hurley

Department and College

Department of Applied Economics in the College of Food, Agricultural and Natural Resource Sciences

Project Number

14-135

Funding Type

Hatch

Project Start and End Date

October 1, 2017-September 30, 2022

Project Summary

The research conducted under this project will provide an analysis of how current trends in the seed, chemical, and precision agriculture industries are affecting the pest management decisions of farmers and the consequences of these decisions on farm profitability, risk, pest and disease resistance, and environmental degradation. It will explore how these pest management decisions can be improved, possibly through the implementation of suitable agricultural policies, to enhance long-term farm profitability, or reduce risk and environmental degradation. Finally, it will evaluate how potential pest and disease challenges vary regionally in the U.S. as well as around the world. The key crops of interest for this research are maize, soybean, and wheat.